Raw cotton exports witness a 49 percent increase in seven months

Raw cotton exports form the country during first seven months of current financial year grew by 48.72 percent as compared the corresponding period of last financial year.

During the period from July-January, 2017-18, about 33,306 metric tons of raw cotton worth of US$ 54.995 million exported as compared with the exports of 21,352 metric tons valuing US$ 36.951 million of same period last year.

According the data of Pakistan Bureau of Statistics, 284,799 metric tons of cotton yarn valuing US$ 739.267 million exported during the period under review as against the exports of 265,470 metric tons worth US$ 749.932 million of same period last year, the data reveled.

The country earned US$ 1.249 billion by exporting about 1,159,516 thousand square meters cotton cloth, which was recorded at US$ 1.269 billion and 1,213,797 thousand square meters in the corresponding period of last year, it added.

Meanwhile, the exports of yarn other than cotton yarn grew by 29.93 percent and was recorded at 6,176 metric tons worth of US$ 17.925 million in first seven months as against the exports of 4,909 metric tons valuing of US$ 13.796 million of same period last year.

It may be recalled that textile exports in last seven moths grew by 7.18 percent as the country earned US$ 7.728 billion by exporting the different textile products as compared US$ 7.120 billion of same period last year.